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Home > Operational Level > Level 2 - Dollar Accuracy

Operational Level 2 - Dollar Accuracy (three-month average, 95% goal)



Congratulations on getting passed Operational Level 1 - IRA! For many stores, Operational Level 1 is a hard hurdle to get over; Dollar Accuracy (for most stores) will be a cakewalk in comparison. Understanding how Dollar Accuracy is measured and maintained will give you confidence in how Mango and your store processes keep inventory value in check. Controlled inventory dollar value is a key step in reporting accurate financial performance (business valuation, cost-of-goods-sold, gross profit and shrink). Your store relies on consistent inventory dollar accuracy from period to period to report accurate financial statements.

Dollar Accuracy measures how well your store's real (physical) inventory value matches what your computer reports as ending inventory value. Your goal is to always have your computer match physical reality very closely. Once you get everything cleaned up and have been processing Mango's Count Sheets for a while, your store should consistently report 98% Dollar Accuracy or better.

The checklist below is your guide to achieving Dollar Accuracy in your store. Print it out and let's get going!  

Print the Operational Level 2 - Dollar Accuracy Checklist here!

Operational Level 2 - Dollar Accuracy Checklist
Task Date Completed
Month 1 __________
     Understanding Dollar Accuracy
     Fix Boundary Issues
     Monitor Dollar Accuracy Boundary    |    Dollar
Month 2 __________
     Fix Boundary Issues
     Monitor Dollar Accuracy Boundary    |    Dollar
Month 3 __________
     Fix Boundary Issues
     Monitor Dollar Accuracy Boundary    |    Dollar
Month 4 __________
     Fix Boundary Issues
     Monitor Dollar Accuracy Boundary    |    Dollar

Next Step - Understanding Dollar Accuracy